F01 N54 Sheer Driving Pleasure
Sir, don't think of highly of Reporter leh.Originally Posted by jlrx
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Reporter (Ranking Unknown)
Estimated Net Worth: S$ 5 million to S$ 20 million
(That's the estimated average wealth of someone in Singapore who drives a S300L and is able to purchase a 1500-2300 sqft D9 property on impulse).
The Department of Statistics have just confirmed that Reporter's ranking is lower than yours. So the gentlemen with the stick up there is ... yourself!
F01 N54 Sheer Driving Pleasure
Too bad! Still can't break September's $1,273 psf.
F01 N54 Sheer Driving Pleasure
Can't break September's new high of $1,273 psf.
F01 N54 Sheer Driving Pleasure
Signs of a mild property fever as private home sales gather pace
Developers have sold over 900 units this month as bullish sentiment returns
Kalpana Rashiwala
The Business Times
Tuesday, 26 January 2010
Developers have sold more than 900 private homes so far this month - based on BT's poll of developers and property agents - and with another week to go, the tally is easily expected to cross 1,000 units by month's end.
Besides Allgreen Properties' Holland Residences, which will be previewed this week, Wing Tai is said to be at an advanced stage of preparation for an imminent preview for L'Viv at Newton Road. The average price is touted at about $1,900 psf - $2,000 psf - significantly higher than the $1,700 psf average price at which Ho Bee is selling its Trilight condo nearby.
Wing Tai is eyeing a higher psf price by offering smallish units (thus keeping the absolute lump sum price per unit 'affordable' to potential buyers). The developer is said to be packaging its project with Deferred Payment Scheme as it had clinched approval for it before the scheme was scrapped in 2007.
L'Viv comprises a total of 147 units - 72 units have 1 bedroom and a study and these come in 2 sizes, both 600-sq ft plus; another 72 units have 2 bedrooms and a study (all about 1,000 sqft); and there are 3 penthouses (all 3-bedders).
Trilight does not have any 1-bedders. It has 2-, 3- and 4-bedders as well as penthouses. 2-bedders range from 1,100 to 1,200 sqft.
'Frankly, it's very hard to deter people from buying, if you look at how strong the HDB resale market is. There's very strong bottom-up support.'
- Knight Frank chairman Tan Tiong Cheng,
. when asked if the authorities are likely to come up with
. fresh measures to cool the market if another round of
. buying frenzy builds up
Fortune Development is also slated to begin previewing this week RV Edge in the River Valley/Shanghai Road vicinity. The 108-unit freehold project, being marketed by Huttons, comprises mostly smallish apartments ranging from 1-bedders to 2-bedroom with study units. The smallest unit is about 400 sqft. Prices are expected to start from $600,000-plus per apartment.
City Developments Ltd (CDL) said yesterday evening that it has sold about 85% or about 150 of the the total 177 units at its Cube 8 condo at Thomson Road, which it began previewing last week.
Singaporeans bought 75% of the units sold. The other 25% were picked up by permanent residents (PRs) and other foreigners - mainly from Malaysia, Indonesia, Hong Kong, Korea, India, China and Europe.
The District 11 freehold project was initially priced at $1,250 psf on average but prices were upped 2-3% for subsequent releases.
CDL group general manager Chia Ngiang Hong said in a statement that the buyers were an 'equal mix of owner-occupiers and investors' and that this pointed to the development's appeal to both home owners and investors.
Some market watchers suggest, however, that the project has probably also drawn a fair number of specuvestors. Slightly over half of the total 177 units comprised one and two bedders and these were the first to go, mirroring the pattern for other projects that were launched in Districts 9, 10 and 11 last year.
In addition to the buying buzz created this month from the release of new projects, some developers have been pleasantly surprised with a steady stream of activity even for existing projects that have been on the market for at least a few months. For instance, Ho Bee Investment has sold about 60 units at its Parvis condo at Holland Hill and 10 units at Trilight since the start of the year.
CDL is also understood to have sold more than 50 units at its Livia condo in Pasir Ris this month and the 724-unit project is now left with about 10 units.
'Sentiment has picked in the mid and high-end markets because of the improvement in the economy; the imminent opening of the two integrated resorts (IRs) may also have given a psychological boost to foreign buying interest, which seems to be returning,' says Ho Bee executive director Ong Chong Hua.
Agreeing, a fellow developer said: 'We're seeing a bigger variety of buyers from the region this round - including markets like Myanmar and Laos.'
Meadows @ Peirce
UOL Group has sold this month 25 units at Double Bay Residences in Simei and 18 units at Meadows @ Peirce along Upper Thomson Road. The group plans to launch two projects in the first half of this year - a 99-year-leasehold condo with about 600-plus units at Dakota Crescent and a project with some 170 units on the Rainbow Gardens site in the Toh Tuck area. The latter will be a joint development with LaSalle Asia Opportunity II fund.
Developers' home sales slipped below the 1,000-unit per month mark in Q4 last year as they wound down their launch activities towards year-end. Some potential buyers had also grown cautious following the government's measures in September to cool the property fever.
However, fear of missing the boat appears to be re-igniting with strong signs of another round of price hikes this year.
'For the economy, the worst is over and much of the physical infrastructure investment like the IRs is close to completion,' says Knight Frank chairman Tan Tiong Cheng.
Asked if the authorities are likely to come up with fresh measures to cool the market if another wave of buying frenzy builds up, Mr Tan said: 'Frankly, it's very hard to deter people from buying, if you look at how strong the HDB resale market is. There's very strong bottom-up support.'
Newbie
Heard that there are only 3 units left, all 4 bedrooms and above.
Newbie
All sold out!
Junior
Next up; Waterbank, Treehouse,...
BE CENTRED BY ALL AT THE FRINGE OF THE CITY @
Junior
This could afterall be a good bet with TSL being planned ready by 2018, i.e. if there is a station within walking distance.
A New MRT Line The 27km Thomson Line (TSL) will run from Woodlands to the heart of Marina Bay, complementing the North-South Line and serving areas that do not currently have direct MRT links, such as Sin Ming, Kebun Baru and Thomson. Residents can look forward to faster trips to the city via the TSL.
Newbie
First sub-sales have been lodged for Meadow...
Newbie
Which unit is it? My guess is the studio?
Newbie
Is it the 1200 sq ft unit transacted at $1000 psf in June 2010 as shown in the URA website?
This may not be sub-sale since this project was only sold out in April and I think it is still possible for the buyer who bought in April to exercise option in June.
Newbie
Is comfirm a sub-sale, for a clearer picture you can try to log in to this webpage http://www.streetsine.com/main.html#...ode-787130-CND.
Exalted
626 Upper Thomson Road #04-07
Freehold
$939
1216
$1142k
28 Aug 09
626 Upper Thomson Road #04-07
Freehold
$1000
1216
$1216k
07 Jun 10
still a subsale but not profitable
biggest winner goes to......AGENT
Newbie
am i missing something - now i cannot find the info on streetsine any more. U have to pay $35 for a property report to get data for the exact unit sold
Junior
Seems a good deal for the buyer!
626 Upper Thomson Road #04-07
Freehold
$939
1216
$1142k
28 Aug 09
626 Upper Thomson Road #04-07
Freehold
$1000
1216
$1216k
07 Jun 10
still a subsale but not profitable
biggest winner goes to......AGENT
Newbie
[quote=spikey69]am i missing something - now i cannot find the info on streetsine any more. U have to pay $35 for a property report to get data for the exact unit sold[/quote Is free.You can just view it from the transaction data.
Senior
using a sledgehammer to kill an ant. $1.1mio to make $40k.626 Upper Thomson Road #04-07
Freehold
$939
1216
$1142k
28 Aug 09
626 Upper Thomson Road #04-07
Freehold
$1000
1216
$1216k
07 Jun 10
still a subsale but not profitable
biggest winner goes to......AGENT
Newbie
Got 40k meh?
Selling price $1,216,000 minus purchased price $1,142,000, stamp duty ($28,860), lawyer fee for both purchase and sale ($5,000), bank cancellation fee (0.5% of 80% loan = $4,568) and 2% agent commission ($24,320) = $11,252 only. Even IRAS and the agent make more than this dude and they do not face any risk
Just below 4% return on a inital capital outlay of $286,120 (20% downpayment plus stamp duty) in less than 10 months. Worth taking the risk for
Fully agreed with Kane - 杀鸡焉用牛刀
Exalted
tats y i mentioned AGENT is the biggest winner....assuming if its the same agt who help he/she bot it and sell it again...wow...haha
u will be surprised that many buyers/sellers r not so savvy....those who know how to surf net and especially this forum to get more info on ppty is very very savvy oredi....alot of the buyers/sellers only started to know how to check caveats from URA
Newbie
I think it is good for the economy in general. Developer, govt, bank, lawyer, agent and the first owner all make some money lar. If they spend this money and with the multiplier effect, this will keep sg economy moving right? All huat together ah
Newbie
but if it is the agent who owned and sold the property, it's not that badGot 40k meh?
Selling price $1,216,000 minus purchased price $1,142,000, stamp duty ($28,860), lawyer fee for both purchase and sale ($5,000), bank cancellation fee (0.5% of 80% loan = $4,568) and 2% agent commission ($24,320) = $11,252 only. Even IRAS and the agent make more than this dude and they do not face any risk
Just below 4% return on a inital capital outlay of $286,120 (20% downpayment plus stamp duty) in less than 10 months. Worth taking the risk for
Fully agreed with Kane - 杀鸡焉用牛刀
Newbie
If owner is also the agent, then the investment looks more worthwhile - 12.4% gain from initial capital outlay in less than 10 months.
Senior
then the agent is not very savvy, i still say the same thing, use a sledgehammer to kill an ant...
Newbie
agree...the sledgehammer become hammer only la
Senior
agree...the sledgehammer become hammer only la
i know of an agent personally ..
bought Waterfall gardens at launch .. 1395 psf .. 21xx sqft
marketed it ... fully sold out project .. and he sold his unit at 1800 psf to a foreigner ..within 3mths of launch
and to date this 1800 psf caveat still not lodged ..
thats 850 k at least ... in the pocket
Newbie
wow...but why caveat not lodged?
Senior
there are many many transactions that did not lodge caveat
some buyers do not see the need to .. they feel it is safe enuff .. in spore
Senior
ok, he did good here then. why so gan cheong bail out the other one...
Senior
sorry Kane
not the same agent as the other one ..
my agent friend really made a lot of many ..just on Waterfall garden alone ..
apart from the unit he bought at 1395 and sold at 1800 psf ..he also sold many units in this condo during the launch .. to his oversea contacts ..
commision alone almost paid for half his own purchase
there are super agents .. there are mediocre ones
Senior
Oh ok. So we see the difference of the agents who use a sledgehammer to kill an ant and those who kill the ant with a finger.
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